CIBC Increases Snowline Gold (CVE:SGD) Price Target to C$22.00

Snowline Gold (CVE:SGD) had its price objective boosted by research analysts at CIBC from C$17.50 to C$22.00 in a note issued to investors on Wednesday,BayStreet.CA reports. CIBC’s price objective points to a potential upside of 38.10% from the company’s current price.

Separately, National Bankshares set a C$15.00 price objective on Snowline Gold and gave the company an “outperform” rating in a report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$17.10.

Snowline Gold Trading Up 3.0%

Shares of SGD opened at C$15.93 on Wednesday. The stock has a market capitalization of C$2.76 billion, a P/E ratio of -53.10 and a beta of 0.27. The firm’s fifty day simple moving average is C$13.55 and its two-hundred day simple moving average is C$10.84. Snowline Gold has a 12 month low of C$4.95 and a 12 month high of C$16.12.

About Snowline Gold

Snowline Gold Corp. explores and develops gold properties in Canada. The company also explores for silver, zinc, nickel, vanadium, copper and molybdenum. Its flagship project is the Rogue gold project, which consists of 4,580 mineral claims covering an area of approximately 94,397 hectares located in the Selwyn Basin, Yukon Territory.